Zapaygo Investments, a UK-based ordering and payment mobile app, is now nearing £700,000 in funding through its equity crowdfunding campaign on Crowdcube. The funding round, which was launched last month, originally saw to raise £250,000.
As previously reported, Zapaygo describes itself a smartphone application that allows users to pre-order & pre-pay for services, food, and beverage or goods to be delivered or collected. The mobile app can also be used for instant payments.
“Zapaygo provides a menu of goods or services and a pre-order and payment facility to consumers through a free smartphone application. The technology has been developed to innovate an age-old customer problem and to help venues and visitors improve their customer experience.”
Zapaygo further claims it is on a mission to become the leading mobile payment platform in the sports, leisure and hospitality sectors. Its app notably streamlines the ordering and payment process in bars, restaurants, stadiums, and other venues along with helping users and all types of businesses by reducing wasted time in queues and enhancing the service experience for all of its users. Zapaygo also listed benefits for businesses using its system, which are the following:
- Less cash on site
- Ability to market to existing customers/Zapaygo users
- Offer discounts/rewards to encourage repeat visitors
- Combining app orders and orders to staff into one payment
In regards to what the funds from the Crowdcube round will be used for, Zapaygo added:
“Zapaygo’s fundraise is to take the product to market, and with the likes of Deliveroo and UberEats success, we are focused on covering customer/corporate convenience in collecting F&B. Zapaygo Delivered is in the early stages, and aims to offer ‘order to delivery’ end to end services. We will develop the opportunity to list on AIM, advised by Holland & Bendelow listing specialist, potentially offering early liquidity opportunities for investors.”
Zapaygo is now offering 3.30% in equity at a £20,000,000 pre-money valuation. The funding round is set to close later this week.
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